Monday 24 November 2014

Record High Market, Nifty Crosses 8500

Posted by Ways2Capital on Monday, November 24, 2014 with No comments

Markets are open, with a record high again today. Indian markets have the advantage of strong growth in Asian markets and SGX Nifty was also indicated that the domestic market will open with vigorous growth. Midcap and smallcap stocks are trading with great speed.

The BSE 30-share index Sensex 120.17 points ahead with 0.42 percent is trading at 28454. The main index of the NSE 50-share Nifty gained 32.25 points, i.e 0.38 percent is trading at 8509 level.

At Sectorial basis, except the FMCG sector all other sectors are trading in green. Metal stocks are trading with 1.81 percent gain and real estate stocks are made up nearly 1 percent. IT stocks gain 0.83 percent. Capital goods and technology stocks are trading with 0.7 to 0.75 percent gain.

Market heavyweight stocks like Hindalco 3.56 percent, Jindal Steel 3.53 percent, Sesa Sterlite gained 2.71 percent and are trading. Tata Steel 2.35 percent and NMDC above 2.12 percent. ICICI Bank is being recorded 1.5 percent above.

In Market heavyweight losers power grid weakened about 2 percent, Gail about 0.8 percent and M&M about 0.68 percent. ITC has been sluggish 0.5 percent. Bajaj Auto is down 0.42 percent and ITC, Reliance has broken 0.3 percent.


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